Invesco Municipal Trust (NYSE:VKQ) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Invesco Municipal Trust (NYSE:VKQ) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.04 and traded as low as $9.61. Invesco Municipal Trust shares last traded at $9.64, with a volume of 120,467 shares changing hands.

Invesco Municipal Trust Stock Performance

The company has a 50 day moving average price of $9.93 and a 200 day moving average price of $10.04.

Invesco Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.75 dividend on an annualized basis and a yield of 7.82%.

Hedge Funds Weigh In On Invesco Municipal Trust

Hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its position in shares of Invesco Municipal Trust by 2.3% in the third quarter. Rockefeller Capital Management L.P. now owns 87,568 shares of the investment management company’s stock valued at $898,000 after acquiring an additional 1,965 shares in the last quarter. Community Bank N.A. lifted its holdings in Invesco Municipal Trust by 100.0% in the 3rd quarter. Community Bank N.A. now owns 4,000 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 2,000 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of Invesco Municipal Trust by 19.2% during the 3rd quarter. Avior Wealth Management LLC now owns 19,647 shares of the investment management company’s stock worth $202,000 after purchasing an additional 3,158 shares during the last quarter. Wealth Alliance Advisory Group LLC grew its holdings in shares of Invesco Municipal Trust by 5.7% during the third quarter. Wealth Alliance Advisory Group LLC now owns 60,382 shares of the investment management company’s stock worth $620,000 after buying an additional 3,273 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its position in shares of Invesco Municipal Trust by 2.1% in the third quarter. Capital Investment Advisors LLC now owns 174,514 shares of the investment management company’s stock valued at $1,791,000 after buying an additional 3,672 shares during the last quarter. 32.00% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco Municipal Trust

Invesco Municipal Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.